K-Tech Solutions Company Limited (NASDAQ:KMRK) Short Interest Down 49.6% in July

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 71,596 shares, a drop of 49.6% from the July 15th total of 142,125 shares. Based on an average trading volume of 73,560 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

K-Tech Solutions Price Performance

Shares of KMRK remained flat at $1.21 during mid-day trading on Monday. 59,719 shares of the stock traded hands, compared to its average volume of 365,085. K-Tech Solutions has a 1-year low of $0.78 and a 1-year high of $6.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.69 and a current ratio of 3.69. The company has a fifty day moving average of $1.12 and a 200-day moving average of $1.82.

K-Tech Solutions (NASDAQ:KMRK) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $2.63 million during the quarter.

About K-Tech Solutions

We are principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits. We started our operation in 2016 and have developed relationships with our customers mainly located in European and North American countries which possess renowned brands and intellectual properties in toy products.